13-1227. Same; water rates; fire hydrants.
13-1227
13-1227. Same; water rates; fire hydrants.
The board of public utilities shall fix reasonable rates for water furnished
to consumers which: (1) Will secure an income sufficient to pay all salaries and
wages of all officers and employees in such departments; (2) will cover the
cost of all materials and supplies used in the operation of the plant; (3)
will cover the cost of all repairs; (4) will cover all miscellaneous expenses;
(5) will pay the principal of and the interest on all revenue bond indebtedness
of the city
incurred
for the purpose of purchasing, improving or extending the waterworks,
and will provide a sinking fund sufficient to pay the principal of and the
interest on such indebtedness at maturity; and (6) will cover the cost of
all repairs and
renewals of the plant and all material used, together with a reasonable
allowance for emergency and unforeseen expenses. Upon direction of the city,
the board shall install, repair, replace and remove fire hydrants at a reasonable
cost determined by the city and shall provide an adequate water supply through
such hydrants at a reasonable cost determined by the city. The city may fix
special rates for water furnished to the city for
public purposes, or to organized institutions of charity.
History: L. 1929, ch. 126, § 8; L. 1977, ch. 66, § 4; L. 1980,
ch. 72, § 7; April 14.